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Lagos records 83% 2nd quarter budget performance

BY OLASUNKANMI AKONI

Lagos — Governor Babatunde Fashola of Lagos State, Thursday, said the state recorded an 83 per cent in second quarter performance for the state 2013 Budget.

The performance represents an increase of 22 per cent above the first quarter performance which was 61 per cent.

Fashola, after presiding over the Year 2013 Budget Second Quarter/Half-Year Performance Appraisal at the Lagos House, Ikeja, said the second quarter result was consistent with the promise he made to residents at the first quarter budget review meeting that there would be an improved performance in the second quarter.

According to him: “Our review covers from April to June this year and the result shows an isolated performance of 83 per cent for the second quarter which is consistent with the promise I made at the first quarter, when we announced a 61 per cent result, that we would improve on our performance and work harder.

“So what you have, 61 per cent for the first quarter and 83 per cent for the second quarter, is a cumulative of 72 per cent, slightly behind our result of 75 per cent at this time last year, 2012.”

Explaining the slight shortfall in cumulative performance,  the governor said, “You will also understand that we are working a larger budget this year as against last year’s budget.


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